90% Confidence Interval Upper Bound of Estimate of People Age 0-17 in Poverty for Maine
PECIUBU18ME23000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,462.00
Year-over-Year Change
-37.15%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the upper bound of the 90% confidence interval for the estimated number of people aged 0-17 living in poverty in Maine. It provides crucial insights into the economic well-being of Maine's younger population.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 90% Confidence Interval Upper Bound of Estimate of People Age 0-17 in Poverty for Maine represents the upper limit of the statistically significant range for the estimated number of impoverished children and adolescents in the state. This metric is used by policymakers and economists to understand the scale and severity of child poverty in Maine.
Methodology
The data is collected and calculated by the U.S. Census Bureau as part of their poverty estimates program.
Historical Context
This economic indicator helps inform policy decisions and resource allocation aimed at addressing child poverty in Maine.
Key Facts
- The 90% confidence interval upper bound reflects the highest statistically significant estimate of child poverty in Maine.
- This metric is used to understand the scale of economic hardship faced by Maine's younger population.
- Monitoring this trend helps policymakers develop targeted interventions to address child poverty in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the upper bound of the 90% confidence interval for the estimated number of people aged 0-17 living in poverty in Maine.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into the scale and severity of child poverty in Maine, helping to inform policy decisions and resource allocation aimed at addressing this issue.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau as part of their poverty estimates program.
Q: How is this trend used in economic policy?
A: This economic indicator helps inform policy decisions and resource allocation aimed at addressing child poverty in Maine.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and methodological limitations of the U.S. Census Bureau's poverty estimates program.
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Citation
U.S. Census Bureau, 90% Confidence Interval Upper Bound of Estimate of People Age 0-17 in Poverty for Maine (PECIUBU18ME23000A647NCEN), retrieved from FRED.